Retirement Plans Work for You

The decision to sell a veterinary practice is loaded with financial considerations, but don’t gloss over the need to clearly understand what you want to achieve. Are you tired? Frustrated? Burned out? At retirement age? Overloaded with management duties? Do you want to maximize the sale price or transfer the practice to an associate veterinarian at favorable terms? Do you want to walk away completely or practice at a reduced level?

As you consider the future of your veterinary practice, both personally and professionally, remember that a smartly designed 401(k) plan can play a vital role. In consulting with practices across the country, we’ve found that retirement plans work as a financial Swiss Army knife. Done right, they help reduce your income taxes, invest for your retirement, and recruit, retain and reward valuable long-term employees.

Learn more in our latest article in Today’s Veterinary Business. Click here to read it.